Business
Oil Firm To Invest N2bn In Mega Filling Stations
Managing Director, Mainland Oil and Gas, Mr Chris Igwe, last Tuesday said the company planned to invest about N2 billion in mega filling stations across the country.
Igwe said in Lagos that the expansion, which would be in phases, would commence in the third quarter of this year.
“In the first phase, we are looking at additional 50 mega filling stations to bring our presence in the market to 65 filling stations.
“The plan to build the mega stations is strategic to our growth agenda and these stations will combine mega stations and regular ones depending on the location of the market.
“We are touched by what Nigerians go through, especially in the rural areas before they get petroleum products.
“We started with our first fuel service station at Umuoji Road in Onitsha, Anambra State.
“Today, we have over 14 stations carefully and consciously located in the rural areas because of our belief and passion for the welfare of rural dwellers.
“So, we are driven by our passion to make fuel available to the ordinary Nigerians.
“That is the vision behind Mainland Oil, a vision that drives our business strategies,’’ he said.
Igwe said that the group had a strong logistics arm, adding that the company’s logistics business was one of the most effective in bulk trans-shipment of products.
“We also have our tank farm, which happens to be one of the biggest storage facilities in Calabar, Cross River State.
“With our wheeling and storage capacity, we are licensed by the Department of Petroleum Resources to get products allocation from the Nigerian National Petroleum Corporation for direct distribution in the market.
“We also import directly to meet demand of our facilities in addition to holding strategic reserves,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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